Apex Silver Mines Ltd. (SIL) and its subsidiary, Apex Silver Mines Corp. filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code. The company and Apex Silver Mines Corp. will continue to manage their properties and operate their businesses as debtors-in-possession under the jurisdiction of the Bankruptcy Court.
Apex Silver Mines said it was informed orally by the NYSE Alternext US that the Exchange halted trading of the company's ordinary shares and planned to issue a notice of delisting.
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